Climate Clubs: Overcoming Free-riding in International Climate Policy

Climate Clubs: Overcoming Free-riding in International Climate Policy / William Nordhaus, American Economic Review, vol. 105, n° 4, April 2015, pp. 1339-1370 https://economics.stanford.edu/files/NordhausApril28.pdf Notwithstanding great progress in scientific and economic understanding of climate change, it has proven difficult to forge international agreements because of free-riding, as seen in the defunct Kyoto Protocol. This study examines the club as a model for international climate poli...

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